Subaru halts bulk of global car output over part defect

Subaru Corp said its sole car factory in Japan, accounting for roughly 60 percent of global production, could be out of action for almost two weeks after it discovered a suspected defect in a power-steering component.

China's Baidu pledges to improve search service after complaint

China's top search engine Baidu Inc said on Wednesday it will improve its media aggregating service after a complaint about the quality of the service and its search results went viral on social media, helping send its shares down sharply.

O2 and Vodafone extend UK network sharing deal to include 5G

Telefonica's O2 and Vodafone have stepped up their challenge to British market leader BT by extending their network sharing deal to cover 5G, enabling them to accelerate the deployment of the faster mobile service at a lower cost.

J&J eying surgical robotics firm Auris Health: Bloomberg

Johnson & Johnson is pursuing an acquisition of surgical robotics firm Auris Health Inc, Bloomberg reported on Wednesday, citing people with knowledge of the matter.

UK's Computercenter sees full-year profit above expectations

British IT services company Computacenter Plc said on Wednesday it expects full-year adjusted pretax results to be marginally above its own expectations, helped by higher IT spending in Germany and the United Kingdom.

OurCrowd, 7thirty launch $30 million fund to invest in cannabis tech

Israeli equity crowdsourcing platform OurCrowd is partnering and investing with 7thirty to build a global cannabis technology venture capital fund, the companies said on Wednesday.

Subaru faces profit hit as Japan car output halted over part defect

Subaru Corp said its sole car factory in Japan accounting for roughly 60 percent of global production could be out of action for almost two weeks after it discovered a suspected defect in a power-steering component.

Google, Facebook spend big on U.S. lobbying amid policy battles

Alphabet Inc's Google disclosed in a quarterly filing on Tuesday that it spent a company-record $21.2 million on lobbying the U.S. government in 2018, topping its previous high of $18.22 million in 2012, as the search engine operator fights wide-ranging scrutiny into its practices.

Bomb Threat, Sextortion Spammers Abused Weakness at GoDaddy.com

Two of the most disruptive and widely-received spam email campaigns over the past few months — including an ongoing sextortion email scam and a bomb threat hoax that shut down dozens of schools, businesses and government buildings late last year — were made possible thanks to an aut...

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Japan Display shares jump on latest report of rescue

Shares in Japan Display jumped 11 percent on Wednesday after a report said the smartphone screen maker was in talks for funding from Taiwan's TPK Holding Co and China's Silk Road Fund in exchange for a stake of around 30 percent.

Subaru halts Japan car output on defective part, shares slide

Subaru Corp said its sole car factory in Japan accounting for roughly 60 percent of global production had halted output a week ago after it discovered a defect in a component procured from a supplier.

Subaru says Japan car output halted due to defective part

Subaru Corp said its sole car factory in Japan accounting for roughly 60 percent of global production had halted output a week ago after it discovered a defect in a component procured from a supplier.

Google spends big on U.S. lobbying amid antitrust, bias battles

Alphabet Inc's Google disclosed on Tuesday that it spent a company-record $21.2 million on lobbying the United States government in 2018, topping its previous high of $18.22 million in 2012, as the search engine operator fights wide-ranging scrutiny into its practices.

Viacom will buy Pluto TV streaming service for $340 million

Viacom Inc said on Tuesday it will buy Pluto TV, a free video streaming TV service, for $340 million in cash to expand its advanced advertising business.

Cloud, services fuel IBM's profit beat, robust outlook; shares jump

IBM Corp beat analysts' fourth-quarter earnings estimates and forecast full-year profit above expectations on Tuesday, as the company benefits from its focus on newer businesses such as cloud, software and services, sending its shares up about 7 percent.

Explainer: What happens next in Huawei CFO Meng's case?

The U.S. Justice Department said on Tuesday it will pursue the extradition of Huawei Technologies Co Ltd's [HWT.UL] Chief Financial Officer Meng Wanzhou, arrested in Canada in December on allegations she participated in a conspiracy to defraud banks.

IBM revenue beats estimates on strength in cloud, services businesses

IBM Corp reported a smaller-than-expected 3.5 percent drop in fourth-quarter revenue on Tuesday, as higher sales in its newer businesses such as cloud, software and services partially offset tapering sales of its latest mainframe computers and the pressures from a strong dollar.

U.S. will seek extradition of Huawei CFO from Canada

The U.S. Justice Department said on Tuesday it will pursue the extradition of the chief financial officer of China's Huawei Technologies Co Ltd's [HWT.UL], arrested in Canada in December.

Huawei targets European expansion with mid-priced smartphone

Huawei is seeking to strengthen its position in Europe with a smartphone that offers new camera features and a lower price-tag than models from rivals Samsung and Apple.

Waymo says it will build self-driving cars in Michigan

Alphabet Inc's Waymo self-driving vehicle unit said on Tuesday it plans to build a plant in Michigan to transform vehicles into autonomous cars for Waymo's ride services business.

Canada has not asked U.S. to drop case of Huawei's Meng: Freeland

Canada has not asked the United States to abandon its bid to have Huawei executive Meng Wanzhou extradited, Canada's Foreign Minister Chrystia Freeland said on Tuesday in an interview with Bloomberg TV.

BMW and Daimler to name ride-hailing venture 'Jurbey': source

German companies BMW and Daimler will name their combined ride-hailing and car-sharing firm "Jurbey", a source familiar with the matter said on Tuesday.

Hedge funds push for overhaul at eBay

Hedge funds Elliott Management and Starboard Value have taken stakes in eBay Inc and are pushing for changes including the sale of some of the e-commerce company's businesses.

Goldman Sachs backs UK-based robo adviser Nutmeg in latest funding round

U.K.-based online wealth manager Nutmeg said on Tuesday it raised $58.2 million in funding from investors, including Goldman Sachs Group Inc, proceeds of which will be used mainly for international expansion.

DHL to close Chile e-commerce business by April: newspaper

Package delivery company DHL [DHL.UL] will shutter its Chilean e-commerce division in April, plagued by weak results in one of Latin America's most stable and prosperous economies, Chile's Diario Financiero newspaper reported.

U.S. to pursue extradition of Huawei CFO from Canada

The U.S. Justice Department said on Tuesday that it will continue to pursue the extradition of Huawei Technologies chief financial officer Meng Wanzhou who was arrested in Canada in December in connection with a conspiracy to defraud banks.

Waymo gets $8 million grant to expand in Michigan

Alphabet Inc's Waymo self-driving vehicle unit said on Tuesday it would expand its operations in Michigan, hiring hundreds of workers to help transform Fiat Chrysler and Jaguar Land Rover vehicles into autonomous cars.

Huawei calls for swift end to case of executive arrested in Canada

China's Huawei Technologies wants a quick resolution of the case of its former finance chief Meng Wanzhou, who is accused of violating U.S. sanctions on Iran and has been detained in Canada, its chairman said on Tuesday.

Waymo gets $8 million grant to help expand operations in Michigan

Alphabet Inc's Waymo unit said on Tuesday in a blog post that it received an $8 million grant from the Michigan Economic Development Corporation that would be used to expand its operations in Michigan and boost the production of self-driving systems for vehicles.

At Alibaba's futuristic hotel, robots deliver towels and mix cocktails

Gliding silently through Alibaba Group Holding Ltd's futuristic "FlyZoo" hotel, black disc-shaped robots about a metre in height deliver food and drop off fresh towels.